A shared equity program where the government contributes up to 40% for new builds or 30% for existing homes . You only need a 2% deposit, but you will share future capital gains with the government.
Pay down high-interest credit cards or car loans. Lenders calculate your borrowing power based on your total credit limits, even if the balance is zero. help buying a home for the first time
The Australian Government 5% Deposit Scheme now has unlimited places and has removed income caps, allowing you to buy with just a 5% deposit while the government guarantees the rest. A shared equity program where the government contributes
The purchase price isn't the total cost. You should budget an extra for upfront expenses: Australian Government Help to Buy Scheme Lenders calculate your borrowing power based on your
You can use voluntary super contributions (up to $50,000) to save for your deposit more tax-effectively than a standard savings account. 3. Budget for the "Hidden" Costs
Here is a step-by-step guide to navigating your first purchase, from saving that first dollar to picking up the keys.
